Jumia, the African e-commerce "unicorn," is officially the first African tech startup to successfully list on the New York Stock Exchange.
In March, Jumia announced that it had begun the process of listing on Wall Street with the publication of its first public document. Its initial public offering took place on April 12. Thanks to this operation, the company was able to raise nearly $200 million.
This IPO could provide considerable leverage for the startup, which aims to accelerate its development.
"We will continue to focus on our mission and work even harder to help consumers, sellers, partners,
and all stakeholders benefit from this technological revolution,
" said Sacha Poignonnec and Jeremy Hodara, co-founders and co-CEOs of Jumia.